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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 260.5 $ 233.9 $ 736.4 $ 679.3
Cost of goods sold 162.6 143.1 485.0 425.0
Gross profit 97.9 90.8 251.4 254.3
Selling, general and administrative expenses 35.3 30.8 113.7 105.8
Equity earnings from joint venture (18.7) (13.9) (59.2) (51.9)
Operating income 81.3 73.9 196.9 200.4
Interest expense 9.9 8.8 28.9 26.6
Other non-operating (income) expense, net (9.2) 12.3 (27.3) (4.9)
Earnings from continuing operations before income taxes 80.6 52.8 195.3 178.7
Income tax expense 16.4 15.5 42.3 62.2
Earnings from continuing operations 64.2 37.3 153.0 116.5
Net earnings (loss) from discontinued operations, net of tax (benefit) expense of ($0.5), $2.2, $1.2 and $8.7 5.0 6.2 14.4 (0.7)
Gain (loss) from disposal of discontinued business, net of tax (benefit) of ($4.6), ($5.9), ($4.9) and ($5.4) 7.0 5.9 (16.1) 5.3
Net gain (loss) from discontinued operations 12.0 12.1 (1.7) 4.6
Net earnings 76.2 49.4 151.3 121.1
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments (7.0) 7.0 (21.9) 20.9
Derivative gain (loss), net (0.5) (0.3) 5.3 (2.0)
Pension and postretirement adjustments 2.7 14.3 7.6 18.8
Total other comprehensive (loss) income (4.8) 21.0 (9.0) 37.7
Total comprehensive income $ 71.4 $ 70.4 $ 142.3 $ 158.8
Earnings per share of common stock, continuing operations:        
Basic $ 1.26 $ 0.70 $ 2.94 $ 2.17
Diluted 1.23 0.69 2.89 2.16
Earnings (loss) per share of common stock, discontinued operations:        
Basic 0.24 0.23 (0.03) 0.09
Diluted 0.23 0.23 (0.03) 0.08
Net earnings per share of common stock:        
Basic 1.50 0.93 2.91 2.26
Diluted $ 1.46 $ 0.92 $ 2.86 $ 2.24
Average number of common shares outstanding:        
Basic 50.7 53.0 51.9 53.5
Diluted 51.9 53.5 52.8 53.9